TEXT OF STORY
BILL RADKE: As the U.S. limps along, here comes a report today that India’s economy grew almost 9 percent this spring — that’s extremely fast.
Here’s the BBC’s Rahul Tandon in Calcutta.
RAHUL TANDON: The 8.8 percent growth rate is evident throughout India. Walk around any city here and you’ll see loads of building and construction.
Vikas Pota advises companies on how to do business in India.
VIKAS POTA: If you’re sitting in the west it’s astronomical, it’s spectacular. But if you look at it from an Indian perspective, it’s to be expected. India’s been growing at this rate or thereabouts for the last five years and I think they’ll be disappointed that they haven’t hit the 9 percent mark.
But with high inflation and rising interest rates, analysts expect the Indian economy to slow down. Many here are also worried about the impact a double dip in the U.S. economy may have. Much of India’s outsourcing revenue comes from the U.S.
In Calcutta, I’m the BBC’s Rahul Tandon for Marketplace.
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
